Investor Relations
Q3 2023 Highlights
- New logo and expansion revenue surpassed revenue churn in the third quarter
- Revenue churn declined more than 24% from the fourth quarter 2022, and more than 35% sequentially
- Record Applications bookings in the third quarter increased approximately 150% from the second quarter
- New logo bookings grew almost 400% and upsell bookings were up almost 300%, sequentially, in the third quarter
- Notable wins for Applications include a €250 billion automotive group in Europe, and a domestic pet supplies retailer. Renewals include an Asian airline and a large AI semiconductor company. Upsells were with a large hardware company in Asia, a leading health food company in the U.S., a unicorn e-commerce marketplace in Brazil and a media company in India
- New product release of API Security solution in general availability
- Introduced enterprise-level Protect and Perform Applications Bundles, combining Tier-1 web performance capabilities with a full-spectrum web security suite and enterprise-level Security Operations Center (SOC) support services – all in a single, comprehensive package, thus eliminating complex billing structures and unpredictable costs
- Awarded “Competitive Strategy Leadership Award” by Frost & Sullivan and “Overall Web Security Solution of The Year” by CyberSecurity Breakthrough Awards. Edgio is also a finalist in InfoWorld's Technology of the Year awards for DevOps Security
- On track to operationalize approximately $85-90 million of expected run-rate cost savings, by end of 2023 and forecasted higher by end of 2024
250 Tbps
Network Capacity
~25K/day
Blocking 16 DDoS attacks every minute
18B
Streaming over 18 billion minutes of content every month